Donations to the Ukrainian government and associated charitable organizations are skyrocketing as the fighting has intensified against invading Russian forces. Cryptocurrencies have figured conspicuously in the effort, billed as a new and welcome resource for the country in a time of crisis. But Ukraine’s journey into the cryptoverse has had its bumps, serving as much […]
People are increasingly moving between jobs in crypto and the government agencies that police the industry, raising potential conflicts of interest that could undermine efforts to rein in the sector, according to a watchdog group. There have been nearly 240 instances of crypto’s so-called revolving door, where employees leave the government for the private sector […]
Mastercard Inc. said it will hire more than 500 young professionals this year as it expands its data and services unit, an effort that will include launching consulting practices focused on cryptocurrencies and open banking. The payments giant will also develop a consulting practice focused on environmental, social and governance issues, Purchase, New York-based Mastercard […]
Peer-to-peer online marketplace Tred is accepting cryptocurrency as payment for vehicles to combat fraudulent transactions and penetrate the younger consumer market. “Vehicles are a really good use case for crypto because we deal with so many different types of fraudulent payment types,” Grant Feek, Tred co-founder and chief executive, told Auto Finance News. Accepting cryptocurrency […]
The head of Wall Street’s top derivatives regulator urged lawmakers to give his agency more authority and a bigger budget to oversee trading in the fast-growing cryptocurrency market. Commodity Futures Trading Commission Chairman Rostin Behnam said on Wednesday that an increase of at least a $100 million to the regulator’s annual budget of about $300 […]
Penrose Partners, a Canadian & Bermudian blockchain advisory firm, will be spearheading The 3rd Annual International Technology Summit the week of March 7—11, 2022. The event will be hosted in partnership with the Government of Bermuda and the Consulate General of Canada in NY, and is co-organized by Blockchain Triangle and Bermuda Asset Management. Headline sponsors include Algorand, a world-leading blockchain protocol working with national governments, and 3iQ Corp, a Canadian investment manager who launched the world's first publicly traded Bitcoin investment fund (TSX: QBTC.U).
The International Technology Summit will bring together innovators, regulators, and executives from Canada, the US, and around the world to explore the latest breakthroughs in blockchain, enabled by Bermuda's digital asset regulations. Attendees will join Penrose in discussing the advancements of the island's fintech ecosystem and the work being done to accomplish the Hon. E. David Burt, JP, MP; Premier of Bermuda's digital currency vision for the island. The event will also celebrate the successful licensing of new digital asset businesses and the kickoff of the second cohort of startups in the Innofund Innovation Incubator (i3).
A key component of this year's International Technology Summit is the headline conference on Wednesday, March 9th. The conference will consist of panel discussions covering topics that include crypto & DeFi, the state of stablecoins & CBDCs, digital asset custody, and sustainable innovation. The opening presentation will be a conversation between leaders of the Governments of Bermuda and Canada in discussing the progress their administrations have made in technology and innovation. The keynote presentation will be a conversation between Algorand CEO, Steve Kokinos, and 3iQ Chairman & CEO, Fred Pye, where they will share their upcoming plans for enabling sustainable digital asset adoption.
The International Technology Summit will also include a startup pitch contest on Friday, March 11th, with opportunities for promising entrepreneurs to win conditional entry into the i3 Incubator, along with other prizes. In addition to the pitch contest, the week will feature a FinTech Education Day on Tuesday, March 8th hosted in partnership with Bermuda Government's Economic Development Department on a variety of digital asset and blockchain topics to prepare audience members for the conference on the following day.
Other Featured speakers will include Garrick Hileman, the Head of Research at Blockchain.com, Justin Newton, CEO of Netki, Alex McDougall, President & COO of Stablecorp, and Bermuda technology leader Kevin Richards of Bermuda Asset Management among many others. Additional sponsors of the event include Clarien Bank, Vesto, Canada Sail GP, Transform Group, Knox Custody, Innofund, Renno & Co and the Canadian Association of Alternative Strategies & Assets.
Penrose invites technologists, futurists, and investors of all ages and from around the world to join the conference to discuss the benefits of web3 technologies—not just for businesses and governments globally—but for our overall social, economic and environmental sustainability.
To register for the conference event on March 9th visit theevent page.
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About Penrose Partners
Founded in 2019 by blockchain industry veterans, Penrose Partners are trusted emerging technology consultants on a mission to help strategic stakeholders transform the world's economies through blockchain-based innovations. The firm has worked with top academic institutions, governments and enterprises to facilitate blockchain technology adoption.
Topping the news for fintech funding this week are two unicorns: a California cryptocurrency asset-tracking platform provider and a New York credit-building platform provider, both of which reached valuations of more than $1 billion. And, two London-based fintechs, one in crypto business trading services and the other in investment management, had nearly identical $59 million […]
The BSTX exchange won approval from U.S. regulators for a plan to use blockchain technology to fuel key aspects stock trading. The approval, announced on the SEC’s website late Thursday, is being hailed by some as a milestone in a push for regulated crypto markets. However, the SEC said in its filing that the go-ahead […]
The U.S. will likely move forward with its own digital currency, with issuance occurring between 2025 and 2030, according to Bank of America Corp. U.S. government-backed coins, also known as central bank digital currencies, or CBDCs, “are an inevitable evolution of today’s electronic currencies,” strategists Alkesh Shah and Andrew Moss, wrote in a report Monday. […]
The Federal Reserve took a key step toward the possible issuance of a U.S. digital currency, a move that the central bank said could dramatically alter the American financial system. The Fed on Thursday solicited feedback through a 35-page discussion paper on a government-backed coin, known as a central bank digital currency or CBDC. As […]
Advocates of a decentralized future of money based on distributed ledger technology are chasing an illusion, according to Bank of International Settlements General Manager Agustin Carstens. Their vision, which is to “democratize finance” by cutting out big banks and other middlemen, is “not what decentralized finance applications are delivering,” he said on Tuesday addressing an […]
Computer Service Inc. (CSI) is joining FIS and Fiserv as the third core provider to partner with Bitcoin fintech NYDIG in a move that will allow community banks to offer the cryptocurrency to customers. The partnership will allow customers to buy, hold and sell — but not spend — Bitcoin. NYDIG has issued a flurry […]
